MILAN, Italy (Nov. 29, 2011)—Pirelli Tyre S.p.A. has updated its website to reflect tire sales in different regions for the month of October and the first 10 months of 2011.
The company reported only percentage changes, not absolute numbers.
Pirelli said European truck tire replacement sales increased by just 3 percent in the first 10 months, but the October figure was a decrease of 11 percent compared with a year ago. OE figures continued to show growth, but the pace is slowing fast, according to the tire maker. The data show an increase of 40 percent in the year to date but just 8 percent in October.
OE truck tire sales in the NAFTA region maintained their recovery, increasing by 57 percent in the year to date, and by 60 percent in the most recent month—a growth rate consistent with the earlier part of the year.
On the replacement side, however, the slowdown in sales continued, with an increase of 5 percent in the first 10 months but sales were down by 6 percent in October. Sales data for the countries in the Mercosur trading bloc region showed OE sales up by 9 percent in the first 10 months; sales recovered strongly in October to show 18 percent growth. On the replacement side, growth in the year to date was just 1 percent, but that reversed in October with a decline of 3 percent.
In Asia, the October data was not available, but Pirelli said September data showed that replacement truck tire sales in China in the first nine months was down by 2 percent. OE sales in September were down by 12 percent. Sales in the first nine months were just 1.0 percent behind the same year-ago period.
Replacement sales in Japan showed 16 percent growth over the first 10 months of this year though the replacement figure was down by 17 percent in October. September figures showed OE sales ahead by 18 percent, but the figure for the first nine months was down by 9 percent.
In the car and light truck segment, European OE sales in the first 10 months were up by 4 percent, aided by growth of 8 percent in October. Replacement sales were up by 5 percent in the year to date and up by 3 percent in October.
North American (NAFTA) sales of car and light truck tires were mixed. On the replacement side, Pirelli said sales in the 10 months were down by 1 percent on last year, and were down by 5 percent in October. OE figures were positive, with sales in the year to date up by 8 percent and in October up by 9 percent. In the Mercosur region, sales were down.
Replacement sales were again weak, the company said, with the year so far down by 1 percent vs. the same 2010 period, and down by 4 percent in October. In OE, the year-to-date figure was up by 4 percent, but the most recent month showed a drop of 8 percent.
Sales data from China showed a 13-percent increase in replacement sales in the first nine months (to September). OE sales in China were also positive, showing a 4-percent increase in the first nine months and a 1-percent growth in September.
Japanese sales of replacement tires grew by 11 percent in the first nine months and by 11 percent in September, while OE sales were weak, with the year to September showing a decline of 22 percent, although that month's figure was just 6 percent behind the same month a year ago.